Subject details

  • Topics
    • Introduction to the unit, Introduction to oil and gas, oil and gas reserves, locations and production. The oil and gas value chain, key terminology
    • History of the oil and gas industry, Understanding the historical underpinnings of its present structure
    • The `majors', Old Seven Sisters, the New Seven Sisters, national oil companies, OPEC, OGEC
    • Structure of the oil and gas industry
    • Microeconomics of oil and gas industry
    • Pricing in Energy Markets: Spot, Forward and Futures
    • Financial Risk Management: Hedging and Speculation
    • Debt and Equity in Energy Companies
    • LNG Project Evaluation: Upstream Investment Model
    • Analyzing the Business Environment in Developing Countries
    • Economics of Downstream: Economics of Retail Service Stations, Fertilizer & Nitrate Production and Electricity Production
    • Oil, Gas and the Macroeconomy
    • Energy Policy, Energy Security and Regulation
  • Study resources
    • Instructional Methods
      • Online assignment submission
      • Standard Media
      • Streaming Multimedia
      • Web links
    • Online Materials
      • Audio-Video streaming
      • Resources and Links
      • Online Assessment

At the completion of this subject students will be able to:

  1. explain the basic principles, frameworks and models relevant to the international oil and gas industry
  2. apply these principles to assist in solving practical oil and gas industry business problems
  3. explain the international scope and scale of operation within the oil and gas industry
  4. evaluate and synthesize the relevant information and communicate that knowledge using appropriate technology.
  • Assignment 1 - Presentation (15%)
  • Assignment 2 - Case Study (45%)
  • Assignment 3 - Minor Report (25%)
  • Assignment 4 - Class Test (15%)

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a subject

No eligibility requirements

Special requirements

No special requirements

This subject is designed to provide students with a wide ranging introduction to many of the key business related issues and aspects in the global oil and gas industry. The subject discusses a range of important business related topics impacting the upstream, midstream and downstream sectors of the international oil and natural gas industry.

Please Note:  If it’s your first time studying a Curtin University subject you’ll need to complete their compulsory ‘Academic Integrity Program’. It only takes two hours to complete online, and provides you with vital information about studying with Curtin University. The Academic Integrity Program is compulsory, so if it’s not completed your subject grades will be withheld.

Find out more about the Academic Integrity module.

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